RSM Hong Kong




Accounting for COVID-19 related rent concessions and other modifications to lease contracts, from the lessee’s perspective

16 July 2020
Implementing IFRS 16 Leases was a substantial task for many preparers, and COVID-19 has brought a new and unexpected source of difficulty and complexity.

Coronavirus: Tax exemption for Anti-epidemic Fund

29 May 2020
The Inland Revenue Department (IRD) has announced on 27 May 2020 that The Exemption from Salaries Tax and Profits Tax (Anti-epidemic Fund) Order will be gazetted and takes effect on 29 May 2020 (subject to approval by Legislative Council on 3 June 2020), under which, tax exemption on Anti-epidemic Fund from the year of assessment 2019/20 will be given to both busin

Coronavirus: Financial reporting considerations update

28 May 2020
Financial reporting considerations update by RSM IFRS Advisory Committee   Update May 2020

Employment Support Scheme and SME Financing Guarantee Scheme

15 May 2020
Hong Kong Government relief measures in response to COVID-19 The spread of COVID-19 has caused disruptions to many individuals, businesses, their owners and the markets.  To deal with the COVID-19 crisis, HK government has taken some exceptional measures costing a total of HK$287.5 billion (which is approximately 9.5% of HK GDP).

Accelerate your digital transformation journey subsidised by Hong Kong Government relief measure and support schemes

29 April 2020
COVID-19 has led to unprecedented changes to our world, our businesses and our daily lives. Throughout the last few months, the Government of Hong Kong SAR (“HKGov”) and numerous local organisations have introduced different relief measure and support schemes to assist business communities in getting through this crisis.

Coronavirus: How to mitigate risks?

26 April 2020
While coronavirus continuous to be the international headlines, rumours trigger different kinds of panic and stress to our society.  Without clear written measures on what we can do to mitigate risk will weaken our ability to manage or handle situations such as ‘panic buying’ or over-restricted reaction plan that may further hit the daily operations of our business

Hong Kong Government relief measures in response to COVID-19

25 April 2020
To alleviate the financial burden suffered by individuals and businesses under the COVID-19 crisis, stimulus package of a total HK$287.5 billion1 (approximately 9.5% of Hong Kong’s gross domestic product) has been unveiled by the Hong Kong Government. Key measures include:

Coronavirus: Impact on expected credit losses

25 April 2020
There is no doubt that coronavirus does and will continue to pose significant impact on the relevant provisions for expected credit losses (ECLs) in short to medium term.

Distance Business Programme (Chinese Only)

22 April 2020
創新及科技局長楊偉雄今發表網誌,表示在第二輪防疫抗疫基金下,推出5億元為期半年的「遙距營商計劃」(D-Biz),資助企業利用科技繼續營運及提供培訓。計劃將於5月開始接受申請,預料可惠及超過3000間企業。   網誌全文  

Anti-epidemic Fund

22 April 2020
The Governmanet of HKSAR release second round of $137.5 billion Anti-epidemic Fund measures:

Hong Kong Productivity Council (HKPC) launch “Fund Fair GO Online”

22 April 2020
Date & Time: 23 April 2020 (Thursday) - 29 April (Wednesday)   Venue: Webainar   Organized By: Hong Kong Productivity Council